With Coronavirus Fears and Bailout Rumors Looming, Should You Buy or Sell Boeing Stock Right Now?

The global aviation business is screeching to a halt in the midst of the COVID-19 pandemic. Even airlines that are usually top performers have seen revenue drop toward zero and are on track to burn through cash at an alarming rate over the next few months.

This couldn't have come at a worse time for Boeing (NYSE: BA). The U.S. aerospace giant's top-selling product, the Boeing 737 MAX, has been grounded for more than a year due to safety problems. As a result, the company's debt load was already elevated and cash flow was negative prior to the latest crisis. Several other key products have also encountered technical issues. Not surprisingly, Boeing stock has plunged, recently dipping below $100, down from around $340 just a month ago.